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CCAP Conduity Capital Plc

0.975
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Conduity Capital Plc LSE:CCAP London Ordinary Share GB00BMX66220 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.975 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.975 GBX

Conduity Capital (CCAP) Latest News

Conduity Capital News

Date Time Source Headline
02/6/202314:04ALNCNewsConduity Capital shareholders vote against "future direction"

Conduity Capital (CCAP) Discussions and Chat

Conduity Capital Forums and Chat

Date Time Title Posts
16/2/202416:05Conduity Capital plc494
04/10/201619:25Hedge Fund Manager CHARLEMAGNE CAPITAL187
12/10/201216:25Charlemagne Capital>>>results Monday....very interesting>>2
04/4/200607:42Charlemange Capital - Established Asset Managers-

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Conduity Capital (CCAP) Most Recent Trades

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Conduity Capital (CCAP) Top Chat Posts

Top Posts
Posted at 22/6/2023 09:43 by shaf5
Will share holders receive anything
Posted at 02/5/2023 15:20 by bwilder2
I’m in touch with a group of shareholders who have a Telegram account and purportedly represent over 50% of our shareholder base. Their sentiment is to have a general meeting to approve a solvent liquidation of the company and the Smarttech shares + any residual cash to be distributed to the shareholders.

Apologies that this is dragging on but the delay is out of my hands as we’ve been finalising a large VAT reclaim that was finally submitted last month. I have not wanted to complicate this (with initiation of liquidation) as I am advised that we are eligible for the money and it is significant. We have had further questions from HMRC into the claim before it is paid and our accountants who have got a full reconciliation of each entry (and this has been where the time has gone) have already replied.

We have initiated the drafting of the circular and it will be published as soon as possible because we believe the consensus of shareholders is to pursue this route (liquidation and distribution).

Noted that the SM247 price has fortunately moved in our favour and I am hoping that further positive news flow will keep this strong with good liquidity. The rationale of Smarttech was to deliver growth and on that basis CCAP shareholders ending up as SM247 shareholders was always the intent (albeit the original terms for the RTO were on more beneficial terms but unfortunately that was taken out of our hands).

We hope to get the circular out before the end of this month/early next month.

Best Regards,

Greg Collier
Posted at 02/5/2023 14:55 by andre
So they want to give us Smarttech shares in place of distributing the remaining funds to shareholders? What if we don't want Smarttech shares? Can you share the contents further please?
Posted at 28/12/2022 16:35 by hedgehog 100
"Conduity Capital said it would be reimbursed for all costs incurred over its proposed, and failed, reverse takeover of Smarttech247, which will then be used to subscribe for new shares in the initial public offering."
"About 350k gbp"


Well done to CCAP for at least getting their aborted RTO fees refunded.

I'm not really sure why they should actually have got anything back, as it was their own delisting which effectively scuppered the deal.
So they have at least pulled some sort of a rabbit (albeit a bunny) out of a hat.

CCAP's new shares in S247 are though owned by CCAP, and there's been no suggestion of an in-specie distribution of them to CCAP shareholders.
Posted at 23/12/2022 15:05 by andre
The board wishes to thank Mr. Lee for his contribution..... to the utter failure of CCAP and the redistribution of PIs money to whoever dips their hand in the pot next. Imho
Posted at 13/12/2022 07:44 by andre
Financial engineering at its finest. The nepotism displayed across RGO, CCAP, Pires etc shows that whilst PIs get shafted, certain directors make out like bandits regardless. The links are all there between every company including the NOMADs. CCAP get to become another private off-market investment vehicle with non-tradable shares (but with directors who can take a salary and award themselves share options regardless at will). One director is involved in all of the investment companies involved. Expect share options aplenty come the IPO to ensure PIs get diluted at every turn. Add a dose of Irish to ensure an amount of opaqueness too.All IMHO.
Posted at 01/12/2022 12:50 by master rsi
IPO Smarttech247 market cap £36.8M

Smarttech247 eyes GBP37 million IPO after rebuffing Conduity Capital

(Alliance News) - Smarttech247 Group PLC said on Thursday that it intends to list on London's junior AIM market, in "a new and exciting chapter" for the cybersecurity services provider backed by Pires Investments PLC and RiverFort Global Opportunities PLC.

Pires and RiverFort noted the announcement, as did Conduity Capital PLC, which had previously planned to acquire Smarttech247.

The Cork, Republic of Ireland-based artificial intelligence-enhanced cybersecurity services provider Smarttech247 said it expects to list on the London Stock Exchange's AIM market on December 15.

"We are excited to announce our intention to float on AIM, which represents a new and exciting chapter for the company," Smarttech247 Chief Executive Officer Raluca Saceanu said.

"Smarttech247 has demonstrated the effectiveness of its products with its wide range of existing clients and is embarking upon a campaign to win new mandates across Europe and the USA. The AIM quotation will provide us with the chance to raise the company's profile, fund the development of our proprietary technology and expansion into new products and geographies. We are well positioned to grow and benefit from a number of industry trends."

Smarttech said it plans to raise GBP3.7 million at GBP0.2966 per share. It expects a market capitalisation of GBP36.8 million on admission.

RiverFort Global and Pires Investments both said they were pleased Smarttech247 formally announced its intention to list, having both invested in May 2021.

Conduity Capital said it would be reimbursed for all costs incurred over its proposed, and failed, reverse takeover of Smarttech247, which will then be used to subscribe for new shares in the initial public offering.

Back in August last year, Conduity announced plans to buy Smarttech247 for GBP33.5 million through the issue of new Conduity shares.

In September, however, Conduity said that Smarttech247 decided it will seek a quotation by way of a direct IPO rather than by a reverse takeover.
Posted at 01/12/2022 09:30 by kemche
No news on CCAP costs/shareholding in Smartech247?
Posted at 01/10/2022 17:10 by hedgehog 100
"Smarttech247 set for stock market flotation at valuation of over £30m
The IT security company has opted to achieve its listing by a direct IPO, which allows it to list its shares without raising any money
BARRY J WHYTE SEPTEMBER 24, 2022

Smarttech247, one of Ireland’s top IT security firms, is planning to list on the stock exchange next month at an estimated valuation of £34.5 million. ...

However, last week it was announced that Smarttech247 had decided it would prefer to achieve its listing by a direct IPO, which allows it to list its shares, but doesn’t involve the raising of any money. ...

Murphy, who is the sole shareholder in the company behind Smarttech247, said he would continue to hold around 75 per cent of the shares in the company after its listing, but that they would be held in a trust structure to comply with stock market regulations. He said he would probably sell down some of that stake in the future. ...

Murphy said that the change in the nature of the listing was an effort to simplify the process, describing it as “a cleaner route” to the market. ...

The company behind SmartTech247, Zefone Limited, had revenue of €7.2 million and profit before tax of €1.2 million in the year to July 2021, up by roughly 50 per cent on the previous year."




Thanks for the link to that above article, Boxerdogz.


"Direct Listing Process
Companies that want to do a public listing may not have the resources to pay underwriters, may not want to dilute existing shares by creating new ones, or may want to avoid lockup agreements. Companies with these concerns often choose to proceed by using the direct listing process, rather than an IPO.
The direct listing process (DLP) is also known as direct placement or a direct public offering (DPO)."



The floatation looks interesting, but not cheap given the crash in tech stock valuations this year.

The estimated valuation of £34.5M. is about the same as fourteen months ago.
There has been impressive revenue and profit growth, though that should have been factored into the valuation last year, with the new EUR6 million contract already won then.

04/08/2021 07:00 UK Regulatory (RNS & others) Conduity Capital PLC Proposed reverse takeover of Smarttech247 LSE:CCAP Conduity Capital Plc

"The Company is pleased to announce that Conduity and Smarttech247, incorporated in the Republic of Ireland as Zefone Limited, have entered into a non-binding heads of agreement to work towards the possible acquisition of Smarttech247 by the Company for a total consideration of GBP33.5 million, to be satisfied by the issue of new ordinary shares in Conduity. ("Proposed Acquisition"). ...

Information on Smarttech247

Smarttech247 is an established company in automated managed detection and response cybersecurity - a managed security service that provides threat intelligence, threat hunting, security monitoring, incident analysis, and incident response with a significant AI overlay - with a successful track record of revenue growth and profitability and is positioned at the intersection of three major cybersecurity growth markets:
-- Security threat incidents;
-- Growth of cloud adoption amongst both large and small-medium enterprises; and
-- Proliferation of cyber-security data generation that needs to be integrated.

... Furthermore, Smarttech247 has just been awarded a purchase order under this contract to the value of EUR6 million for plant level operational technology cybersecurity services.

For the period ended 31 July 2020, Smarttech247 reported audited profits before taxation of EUR829,000, revenue of EUR4.8 million and had net assets of EUR712,084. These figures represent a significant increase compared to the previous year and the management of Smarttech247 believe that the current year to 31 July 2021 will demonstrate further substantial progress ..."
Posted at 31/7/2022 07:26 by sweet karolina2
I genuinely hope your RTO then IPO works out for you guys.

I use CCAP as 1 of 4 examples of why the risk / reward balance of AIM rule 15 shells does not make sense:



I genuinely welcome any comments you have on that thread - it is not too late for them yet.
Conduity Capital share price data is direct from the London Stock Exchange

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